Exploring strategic risk

Strategic risks – those that affect or are created by business strategy decisions – are critical to the growth and performance of your business. According to a recent survey conducted by Forbes Insights on behalf of Deloitte, 81 percent of respondents reported having an explicit focus on managing strategic risk, with reputation cited as the #1 risk they are concerned about.

Meanwhile, only 13 percent of respondents indicated that their risk management program supports their ability to develop and execute business strategy. So, what are leading companies doing to manage strategic risk – and how are they preparing for the future?

“When we develop a strategy we think about the risks associated with it, but also what [business] risks are minimized by following that particular strategy.” - Reto J. Kohler, Managing Director, Head of Strategy, Corporate & Investment Banking, Barclays

Deloitte's new survey report offers a clear view of how companies view and manage the risks that affect their business strategy, based on recent survey results.

See answers to questions such as:

Which risk areas had/have/will have the most impact on your business strategy?

About the survey

The findings in this report are based on a global survey conducted in the spring of 2013 by Forbes Insights, on behalf of Deloitte. It includes insights from more than 300 respondents from the Americas (33%), Europe/Middle East/Africa (33%), and Asia/Pacific (34%). Nearly all respondents were C-level executives (263), board members (22) or specialized risk executives (21). Surveyed companies came from all five major industry sectors (consumer/industrial products, life sciences/healthcare, technology/media/telecommunications, energy/resources and financial services), and all had annual revenues in excess of US$1 billion (or equivalent).

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.